Hydro One loses COO, Enersource announces new CEO

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- Hydro One President and CEO, Carm Marcello recently announced that he has accepted the resignation of Peter Gregg, Hydro Ones Chief Operating Officer. Mr. Gregg has been appointed to the role of President and CEO, Enersource.

Mr.

Gregg joined Hydro One in 2004 and has held several progressive positions during his ten years with Hydro One Networks.

Mr. Gregg was appointed Chief Operating Officer in 2013 having also held the role of Vice President, Corporate and Regulatory Affairs. Prior
to joining Hydro One, Mr. Gregg worked for the Greater Toronto Airports Authority during its major infrastructure development phase.

On behalf of Hydro One, I would like to thank Peter for his significant contributions to the Company over the past ten years, said Carm
Marcello, President and CEO, Hydro One. I know that Enersource will benefit from Peters knowledge, leadership and expertise in the sector. We will now take steps to ensure an orderly transition within our operations group.

We look forward to working with Peter to continue the outstanding operating track record of the company and to pursue the exciting growth opportunities in the industry, said Michael Rolland, President and CEO of Borealis Infrastructure, 10-percent shareholder of Enersource.

Mr. Gregg will be wrapping up obligations to Hydro One over the coming weeks and his start date at Enersource will be announced shortly.